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to beat president obama. a look at the war in afghanistan. now the longest war. how do we get out? does obama's policy differ from president bush's and what is the effect for generations to come? joe and mika and willie join in the conversation later this hour. we begin with the debt crisis. they are trying to make a deal on the deficit. houses of congress are rolling out separate compromises to safe off a default. harry reid is meeting with mitch mcconnell to craft a solution to appeal to both parties. according to reports, this would do the following. it would allow the debt ceiling to be raised three times for a total of $2.5 trillion. in exchange, some $1.5 trillion in spending cuts would be enacted. the plan would be established to identify new deficit cuts. proposal, already, getting a lukewarm response from the fellow republicans. among them, the freshman snar mark arubio and tom coburn. take a listen. >> it gives the president the ability to raise the debt limit. the debt limit isn't the problem. the problem is the debt. the plan, as outlined to me isn't a credible solution. >>
on the heels of the most absurd unfunded wars in iraq and afghanistan and unfunded trillion dollar medicare and bills and tax cuts for the wealt wealthy. i, myself, voted for all of this. back to my original point. >> welcome back to "morning joe". the medicare plan was a $7 trillion plan. most republicans have been watching. let's take a look now at the morning papers. the san francisco chronicle and a virtual fallout if congress fails to raise the contract. they took out $5.4 billion in loans, covering the bills in case money stops flowing in from washington. new york times under pressure from democratic colleagues, seven term representative, david wu said he would resign from congress following accusations of inappropriate sexual encounters last year. she was much, much younger. before the allegations, he was politically vulnerable. two others were going to challenge him. they have been talking about this going back to college, possible rape charges from his time in stanford. drivers in l.a. may regret paying ticket violations from traffic cameras. they admitted paying the fines is volun
in afghanistan, asking their commander if they are going to get paid, it's really shameful. >> yes. >> what are the choices that are going to be made if this doesn't come through as you hope? >> well, it's really unthinkable. i think the scepter you raised is one of the reasons i think there's so much urgency on capitol hill this morning. >> what are the tough choices and what will be paid? >> first of all, our focus now is on solving this. you know, we don't have much time left. a little over 60 hours, i guess. we've got to get this solved. >> and, you know, at the last hours, people are looking for off ramps. there is no off ramp here. the only option for congress to raise the debt ceiling and sign the initial deficit reduction savings into law. obviously, if congress isn't able to act, the treasury department has to brief people affected and will obviouslsldo that. the focus has to be driving toward some conclusion. i think the american people are gone through this recession, many lost jobs, many working two jobs, they are helping family members who have been affected. they are furious a
. that war was cost us almost $2 trillion. the afghanistan and iraq war is winding down. office management of budget office has looked at this and said if you take a trillion dollars and lower the debt and allow us to take additional $200 billion in interest savings, that is what we have in our bill. it's all been done by non-partisan congressional budget office. i can't imagine the fact they have voted for it, 230 republicans voted for that in the budget. 40 republicans voted for it. why is it something suddenly they don't want? (question is inaudible). >> your math is terrific. we got 60. the issue has been for a week or so a trigger. yes, the joint committee doesn't come up with a result. what should happen. we've been willing to say that we're happy if we don't arrive at the budget goals with the joint committee that certain things should happen. we've been willing to say that there could be a sequestration as long as it included revenues. it's unfair to make it a spending bill when we have billionaires and millionaires and corporate jets and yachts. the american people agree with us.
the safety. >>> another gruesome story, this one is bad enough. an 8-year-old boy in afghanistan, the hanging -- he's been hang sfd. >> it is so sad and tragic. just the thought of it. the fact is that in helmand province there was a police officer and he was approached by insurgents and they asked him to hand over his police vehicle to supply them with the police vehicle. he said i'm not going to do that. they said, we're going to go after your son. they kidnapped his son and they hanged the 8-year-old and they killed him. the thing is that this raises again more questions in a country that's trying to establish its own autonomy. there are still intimidation factors in place, there's fear tactics for the average citizen to kind of back off. the thing is, hamid karzai came out, the president of afghanistan today, and he said -- he was really careful not to pin it on one group. he didn't say it was the taliban. he just called the killers terrorists. >> the drought in africa. horrific. >> this is an ongoing story for over a month now. imagine this -- like let's take the entire city of new york,
afghanistan but they are over in the other places, somalia and arabian peninsula? >> that's right. actually this is a testament to bin laden's plan for the al qaeda network. he created a more diffuse network after the united states began to crack down on al qaeda in late 1990s. you saw rise of al qaeda in north africa and al shaback in east africa. al qaeda in iraq done great damage to u.s. forces. the taliban was once a government but relegated to affiliate movement of al qaeda. what you have a is number of organizations sort of franchises of al qaeda that continue to grow and thrive while we have focused in on the core as we called it. now i think after the death of bin laden in early may, i think we were able to get a lot of intelligence. we've gone after a lot of the other high-level officials within al qaeda and obviously this drone campaign been ongoing in pakistan and some cases yemen, we've taken out something like 1200 fighters from al qaeda including senior leaders. jon: right. >> this is all good news. but again the ideology of radical islam lives on and so do these affiliate gro
in the attacks in afghanistan or to bring that message home, you need us i >>dave: and how big a concern is an attack in the united states on the 10th anniversary? >>guest: this is the first anniversary a sense of celebration and resolution and every member of al qaeda is going to want to spoil that. so you will have home green terrorists that will look at that date. >>dave: so all eyes on that date and that will be our tightest secured date so a difficult day to pull anything off? >>guest: it is possible but there are so many soft targets and the bar is so low for al qaeda because they have not pulled off another september 11th it does not have to be in new york city. >>dave: ryan, thank you for being here. millions of americans are locking for america but how can you separate yourself from the field? why who you know could be more important than what you know. giving them a new choice. we'll deliver better service, with thousands of new cell sites... f greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impos
. the first u.s. troops have left afghanistan. the draw down is under way. barbara starr is live for us at the pentagon. hey, barbara. >> good morning, soledad. the first of the 33,000 surge forces, in fact, yes, on their way home out of afghanistan now. u.s. officials are confirming about 650 troops mainly from the iowa national guard, left afghanistan on wednesday. they will not be replaced and that's how they're going to begin to achieve this draw down that president obama ordered. bring troops home as scheduled, don't send in new troops. soledad. >> the administration is jumping back into the don't ask, don't tell debate. what's happening now? >> well, this is really very interesting, but legally, a bit murky. the obama administration has asked a federal appeals court to suspend its ruling that would end enforcement of don't ask, don't tell in the u.s. military. what the obama administration says, it wants, is to keep to the new status quo, if you will, to follow that congressional law where the military will lift the ban on don't ask, don't tell. they're already working on it. they
behind, the war in iraq, some said don't try to build a nation in afghanistan. stop spending all this money. when the democrats came in in 2009, they increased every department 10%. if it's 25% the feds are taking and the 12 to 15 the state and local are taking. that's why they are all cutting back. >> pat, pat, pat -- >> you will drive this economy deeper into recession if you put $1 trillion in taxes on it. >> pat, i don't disagree with cutting spending. i'm trying to tell you 70% of how we got into this problem was spending and 30% was cutting spending that we wouldn't afford. it happens to be 70% spending reductions. 30% tax increase. >> this is one place i agree with krugman. mike barnicle should be in this. jobs are the thing. we have to create jobs. how does hammering business with $1 trillion in tax increases when government is going down in size, they created the only jobs. john heilemann. >> just as point of fact -- was about letting part of the bush tax cuts expire after 2012. that's where the revenue is going to come. no tax increase in 2011 or 2012. it was raising ta
overnight. a bomb blast in eastern afghanistan leaves three nato service members dead. at this hour, the victim's nationalities are being withheld. this comes on the heels of a weekend attack that left another nato soldier dead, killed by a man dressed in an afghan army uniform. it happened when david petraeus handed over control. it shows petraeus transferring power to lieutenant general john allen. in september, petraeus will become director of the c.i.a. and another bus tour crashing. this one leaving at least two people dead. it happened about 55 miles south of rochester, new york. the bus was on its way from washington, d.c. to niagara falls when the driver lost control, veered down a grassy embankment into the woods. 35 passengers are hurt. four of them are in critical condition. early reports indicate a tire blowout might have caused that crash. and the video is incredible and horrifying at the same time. a look at what happened, a stage collapse at a cheap trick concert and it was all caught on camera. it happened during a thunderstorm at the ottawa blues fest. thousands of
're at war for 10 years, in afghanistan and iraq at surge levels. we assume we're going to be fighting this war for 10 more years, with over 100,000 troops in afghanistan and oh, gosh, wait, we're going to withdraw our troops in 2014. $1 trillion in savings. i've got a better idea. let's pass a bill to cover the moon with yogurt that will cost $5 trillion today. and then let's pass a bill the next day to cancel that bill. we could save $5 trillion. wait, i've got a better idea. our debt is $14 trillion. let's come up with a new plan to spend $14 trillion, then rescind it the next day and let's save $14 trillion. this stuff is fiscal fantasy. you can't make this stuff up, mr. speaker. suggesting that we're going to be in a war at these levels for 10 more years when everybody knows we've already decided not to do that, that does not get us $1.3 trillion in spending cuts. only in washington can you add up math like that. we need real spending cuts. i yield myself an additional minute to say, this is getting serious, mr. speaker. very serious. we can't keep spending money we just don't hav
afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right there. here is something that speaker boehner said why he cannot support the democrats' plan. he said the administration says they need all of the increase up front so he doesn't have to deal with this until after the ele
for afghanistan's female voice, two for the last draftee retires, or three for the history of cocaine. winning story will air in the next hour. >>> well, the east is finally getting some relief from the heat this week. rob joins us with what is on the way. >> cooler temperatures at least for a couple days, suzanne. then i think we'll crank things back up. i want to put into perspective last week as far as the amount of heat for the week of july 17-24th. we had on friday the hottest day of the week, 745 temperature records, total records for the entire week, almost 4,000, unbelievable. guess what? we had more records yesterday. 100 degrees in raleigh. 100 degrees in atlantic city. wilmington, north carolina also seeing the century mark and pennsylvania and philadelphia seeing 98 degrees there so where are we going to see the hot weather today? across the southern plains of the central plains, dallas and oklahoma city, and parts of arkansas have seen 100 degrees plus now for over 20 days in a row. and the next five to ten days doesn't look to be any cooler. i think we'll probably see a record st
minister criticized a political rival on television news. >>> also in afghanistan a homicide bomber blew himself up inside a mosque during a memorial service for president hamid karzai's half brother. the blast killed five people, including the head of a council of clerics and a young child. the explosion wounded 15 others. the taliban claims responsibility but remains quiet on this mosque attack. karzai was a high-ranking official in kandahar's government, also considered one of the most powerful men in southern afghanistan. health let's well, a 6-year-old girl from illinois tees her way right into the record book by sinking a hole in one. reagan kennedy becoming the youngest golfer ever to hit a hole in one since the links at ireland grove opened some five years ago. and reagan kennedy, she joins us now by phone with her dad, steve kennedy also on the line. hi, steve, hi, reagan. >> hi, heather, how are you? heather: doing fine. how are you doing? >> we're doing well. heather: so, reagan, how surprised were you that you hit this hole in one? >> very surprised. heather: could you see th
in afghanistan and i spoke to a very senior norwegian government official and he described the man as a neonazi and they are finding it very difficult to believe this was just his work alone. this was a very sophisticated and coordinated attack, and in addition to the shooting, they think maybe two or three bombs in the city center and powerful bombs. the truck bomb from the building and friends i talked to in oslo say the radius went out to 1,000 meters that windows were sheeterred and they believe there was a second bomb not baitsment of the building where the prime minister's office was so very sophisticated and well coordinated attack. >>clayton: an attempt to assassinate the prime minister there who was expected to give a talk, today, at the youth camp where we hear reports that there could have been other bomb materials found at the catch, as well. when you talk about "naive." what do you mean? >>guest: very good and humble "for my people" and one of the best allies we have, but a very humble people. they have supported peace. that is home of the nobel peace prize and they never thought a
and brendan in afghanistan. now their families are doing all they can to make sure that their deaths and others will not be in vain. janet manning is the mother of the late first lieutenant trafs manion and she's the widow of brendan looney and they're my guests today. first of all, so sorry for your tragic loss. it's so hard to see the pictures of them together. they were best of friends and amy, you were part of the group with them, right? >> absolutely. >> so please, if you can, share your wonderful memories of the people that you loved. >> oh, my goodness. i don't even know where to begin. i mean, i met brendan back in 2003 and, you know, we had been dating and got married in 2008. so travis, we, you know, we're both very close friends with when brendan was at the naval academy and we -- you know, they continued their friendship, you know, all the way up until 2007 and obviously, something that will carry forth always in the future, now that they're laying at rest next to each other. >> so we have a young widow here and we have a mother who mourns for the loss of her son. tel
? >> they call this divine punishment. they say that's for norway being involved in afghanistan and for defaming the prophet mohammed, et cetera, et cetera. there's been so much damage done. who will look at this and try to copycat this? are there other people out there who are going to look at this and say, hey, it worked. we can do this. let's do it again. >> how does this translate in terms of the kind of security we need to take here in the u.s.? >> i can tell you right now that law enforcement in this country is looking very seriously both at the kind of targets that were targeted here, and more importantly, what right wing extremist groups in in country are planning. if you remember just a few years ago, there was this whole had you been loo over monitors the right wing extremists. there are extremists of all dircht flavors. just because you believe in one thing or another doesn't make you less deadly. >> thanks so much for coming in. appreciate that. >> thank you very much. >>> still ahead next hour, how same-sex marriages in new york are creating a bumper crop of wedding business. >>> th
panetta, the former head of the cia. he's saying on his first trip to afghanistan, his first public comments, really, saying that the defeat of al-qaeda is within reach and here is what he had to say on saturday. >> we're within reach of strategicically defeating al-qaeda. if we could be successful at going after them, i think we can really undermine their ability to do any kind of planning to be able to conduct any kind of attack on this country. but that's that. that's why i think it's within reach 'cause they're going to sake some more work? you bet it is, but i think it's within reach. >> mike: in the first couple of days, is that statement too bold, that statement? >> i like it, covets. >> ainsley: i do, too. >> dave: that was supported by congress and we like his congress and david petraeus echoed that and holds the promise of a strategic defeat of al-qaeda. he is he, too, is confident if we can get more kills, 20, we would crush. >> ainsley: 10 to 20. >> mike: al-qaeda is all over the world and not just in pakistan. >> dave: they believe the head of al-qaeda is in pakistan al
to take the trillion dollars save from the drawdowns of wars in iraq and afghanistan, apply that ta the biden framework. i talked to harry reid's office today. couldn't get a yes or no answer on that. i did get out of leadership aides they're not going to impb kblud the entitlement reforms that president obama had offered. there's no raising of the medicare eligibility age. there's no means testing. you're looking at steep domestic discretionary cuts.รง >> sounds as though what harry reid is you can tag about doing is taking the most volatile issues off the table for now. but is he putting up enough that's actually hard wired because if you talk about notional savings from wars that haven't been drawn down yet, a lot of things can happen between now and then. >> that savings started showing up when president obama presented his first budget it's always been seen as a little gimmicky. the house guys have been very reluctant to count it. it's not money that we're planning to spend. after their guys felt like they were sort of misled during the cr fight about how much was being saved,
kathy was terminated. if you follow the news right now, we have 5-year-old boys in afghanistan. this is, i think that particular chapter of life. it's still continuing to this day. it's why we screened the movie for the u.n. the u.n. correspond ens. we got a leaked memo that the secretary general is concerned about the film. they will not -- they are trying to do a damage control thing. >> no commenting, no condemnation? >> no. we have internal memos saying it happened, but let's not make it public. we are trying to comment on this issue, not -- or the state department or whoever. this isn't something that happened way back when. it still continues and we can look at the laws of international immunity and this can be -- >> right. >> there's -- there are gray areas to things, but in my opinion i think you agree it's black and white, peacekeepers should not be buying and selling girls. >> we can all agree on that. >> you know. >> i'm trying to figure out what the bush state department incentive would be for covering it up? >> really? >> why? >> to be honest -- >> united nations. >> this h
and afghanistan. republicans say the markets might not buy that but the same accounting tool was used in the republican budget that passed the house. jon: interesting to that the secretary of state commenting on tkphes particular spending matter. thank you. jenna: the lack of debt deal seems to be one of the factors in the stock market as wendell was talking about. the dow trading down by 60 points . it was down by over a hundred earlier. simon constable is a columnist for the "wall street journal." what is your take? we talk about the reassurance for the market? what about the reassurance for the average investor. >> most of the markets are saying whatever. but the gold market isn't. we've seen gold come up from 1500 a month ago to over 1600 now. jenna: what does that tell you. >> people don't buy golds as a good investment. you have to pay money to have it stored, buy insurance, put it in a bank, with armed guards and people are basically big thumb's down to the u.s. government when they buy gold. you shouldn't be totally reassured. that is quite a move in that sort of short period
eye. >>> the ultimate sacrifice, bute soldier who lost his life in afghanistan but gives his heart to a woman back home. we'll have the story coming up. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. >> good morning, sunday, july 24th, i'm juliet huddy in for alisyn camerota, a "fox news alert," new developments in the norway terror attacks. the suspect claims responsibility, and, he says he acted alone as police try to learn the motivation behind the massacre. >> dave: could there be a breakthrough in the debt ceiling show down, john boehner says he has a plan, treasury secretary tim geithner says, it won't fly. stuart varney, is going to come up and say it is judgment day, and... >> as an elected official you think it is her job to defend the pledge of allegiance an
include the involvement by the norwegian military in actions in afghanistan. there are norwegian soldiers there, there is an al-qaeda official from the northern part of iraq that sought sanctuary in norway and perhaps even more disturbing is the report that just in the past year one of the main newspapers of norway which does have offices in that central area of oslo they, too, printed as other newspapers did in europe these cartoons of the prophet mohamed of the muslim faith, and as we all know, that has been a major bone of contention. this is what we're following right now, bill. bill: all right, greg, thank you. that tangled wreckage of a car might be a precious clue in all of this, and it might be the clue or not. it's not clear what threats were leveled against the government or prime minister, but we're working through all that. it is breaking news in oslo, norway, here on america's "amers newsroom." patti ann: brian terry was gunned down with a weapon the feds were supposed to be tracking, and terry's cousin gave some emotional testimony on capitol hill. now we're gearing up for r
in both afghanistan and in libya. now, martha, you know, how quickly we forget the train bombings in madrid, the bus and the metro bombings in london. but if you're living in europe, you just get the feeling today like here we go again. martha? martha: here we go again. greg, thank you very much. we'll get more on that from greg burke, also ambassador john bolton is enroute to our washington bureau. we expect to have him with us live moments from now and his take on that. that'll be about five minutes from now, so stay tuned for that. >>> in the meantime, we have got this extreme weather going on in the united states. an epic heat wave that is baking a huge portion of this country. in fact, roughly half of all americans are coping with temperatures that are in the near triple digits right now. record breaking tops reported in the kansas -- temperatures reported in kansas all the way across to new york city. and it is not just unpleasant, it is dangerous in many places. at least 22 people have died related to this heat, and can there are new warnings that that number could be risin
certainly hurt the al-qaeda terrorist organization, in pakistan and afghanistan. but anwar al-awlaki is alive and well in yemen and he is planning additional attacks against americans. is the franchise there now the lead in al-qaeda and how dangerous and what can we do? >> al-qaeda is somewhat diffuse in the islamist most of the time. yemen a fertile ground. it does seem to be emerging as headquarters of sorts. yemen as a state doesn't exist right now. it was an iffy topic when it had a president but it essentially doesn't right now. so al-qaeda finding an open door. president obama came out and said the tide of war is receding but nobody gave that message to the islamist terrorists. we this had the christmas day bombing, not the one on the flight but the on other one on fed ex shipments. >> gregg: speaking of terrorists let's talk about libya and moammar khadafy who says he is willing to talk to america but he refuses to give up his position. so what is the point of talking to the guy? >> this has been going for five months. people have said that khadafy is losing or close to
, they get cheap cocaine and heroin from afghanistan, and what does hezbollah get? they get proximity to the lawlessness of mexico right next to the poorest mexican-united states border and that they could have a base of operations to attack u.s. interests. alisyn: oh, boy that is scary stuff. thanks so much for explaining it to us, trace. meanwhile washington is busy today. we are awaiting several new conferences on the debt standoff. first off republicans will tell us how americans can save money according to them. why are democrats already against the plan? and thousands in a tight knit jewish community here in new york city are mourning the brutal murder of a nine-year-old little boy. the suspect is now in custody. how this horrific crime could have been prevented. plus, casey anthony will be a free woman on sunday and she is ready to walkway with a few extra bucks in her pocket. we'll tell you who is sending her money. and we'll have an exclusive interview with the for man in this case. >> she has an absolute constitutional right not to testify. everyone wonders why whether the j
to afghanistan because it was against my islamic conditions. >> reporter: he wanted out. but military investigators say they found child pornography on his government computer. so, on the fourth of july, abdo went awol from ft. campbell, kentucky. investigators believe he came to ft. hood to stage an attack similar to major nidal hasan's rampage in 2009 that killed 13 and wounded 30. abc news has learned he told investigators he wanted to get even with the military. that he planned not to attack the post but a nearby restaurant popular with soldiers. he told investigators he planned to detonate two bombs there, then shoot any survivors. >> it seemed like he was up to something. >> reporter: his plan unraveled shortly after he got out of mark smith's cab at that gun shop. greg ebert sold him the ammunition and gunpowder, but got suspicious when he paid $250 in cash. >> we made a decision to call the police. and fortunately, it worked out well. >> reporter: officers tracked young soldier to this nearby hotel. in his room, all of that ammo, a pistol, the components to make two bombs and
into a kill zone under heavy fire to find three missing marines and navy corpsman in afghanistan in 2009. sadly, they did not make it out alive, but mier is being honored for going beyond the call of duty. he's the third civilian to receive that honor from the wars in iraq and afghanistan. >> steve: what a story. >> alisyn: nail biting moment at the championship motor cross match in minnesota. look at this. >> whoa! we got trouble! zachary is down ask down hard! >> alisyn: that was motor cross rider chad reid. he was in the lead before wiping out with 450 riders coming straight at him full speed. even more incredible, reed remounted his bike, as you can see, moments later, finishing a respectable 14th in this race. wow. those are your headlines. >> brian: got to tell you what happened in the house yesterday. we heard the vote was taking place and it did. in the end it passed. cut, cap and balance and a time tally of 234-190. five democrats said that sounds good to me, but yet nine republicans defected and voted with democrats. in the end, it passed. but the republicans can say, look, you
. a gaines france in the semifinals. great start for usa. lauren cheney, the troops watching in afghanistan love it. usa up, 1-0 there. france picks up the pace. a good looking goal. solo. the keeper. nice play there to keep it away. they fire a shot off the crossbar. 1-0 at halftime. 54th minute. tough play. the ball sneaks off the back post. we are tied at 1. in the 70th minute, the french keeper can't hold the save. a rebound chance. it's not the way. she was called off sides. nine minutes later, usa with a corner kick. abby wombach knocks it in. the same head does it again. usa up, 2-1 there. three minutes later, another beautiful play. shoots with her left foot. usa advances with 3-1 victory over france. the other semifinals, japan wins 3-1. sunday, the women's world cup, the united states of america versus japan. earlier, we told you about the yankee fan who handed over derek jeter's home run hit. now we can stop feeling bad for the 23-year-old. here is why. miller has offered to pay for all his yankee-related taxes should the irs come after him. that's one thing. two companies, model
is going to count winding down the war in afghanistan as a substantial part of the savings. that could be worth about $1 trillion over 10 years. meanwhile, john boehner is working on his own deficit- reduction debt limit increase plan. he would take -- that plan would be affected in two stages. the first would be $900 trillion or so deficit reduction package, spending cuts, paired with roughly equal amount in debt limit increase. then he would empower a special committee to find an additional $1.60 trillion to authorize or trigger another increase in the debt ceiling. the problem with this proposal, however, it would require raising the debt ceiling by the requisite $2.40 trillion amount into the stages. that is something the president and democratic leaders after yesterday's said is a nonstarter. they say it would create too much uncertainty for the marketplace and the economy if this process had to be replaced at the beginning of next year or summer of next year. >> the house republicans made their own at last it with a cap and balance plan that did not make it to the senate. the pre
the paper work, without a court order. while they were in iraq or afghanistan, they were the victim families. this is an area we want to look into. host: and their relation to david petraeus? guest: she is married to him. host: maria, a republican. you are on. caller: my husband and i both watch c-span regularly, and we are concerned about this agency created with a half of a $1 billion budget. our question is how much duplication is taking place? he mentioned a few minutes ago that hundreds of people have already been hired. could you let us know the duplication of these consumer protection services that this new agency is supposed to do, and how, and what is going to happen to these other employees within the federal government? guest: well, that is a very good question. consumer protection used to be in various different agencies. the fed had consumer, occ -- all of these different agencies. consumer protection was often a secondary thought, a third thought, or not even thought about at all. that is why regulators did not in any way most to curb the abuses in the sub-prime lending, which
Search Results 0 to 49 of about 59 (some duplicates have been removed)